Statutory Body

Statutory Bodies

Introduction

The parliament authorises statutory bodies. They hold the power to pass legislation on behalf of the country or a state. SEBI (Securities and Exchange Board of India) is the best example of a statutory body. It plays an important role as a regulatory body that holds power over the security market. 

The statutory bodies have official permission to enact laws. In this article, we aim to provide complete knowledge about the statutory bodies in India.

List of Statutory Bodies in India

• National Commission for Minorities.
• Armed Forces Tribunal.
• National Consumer Disputes Redressal Commission.
• National Law Commission.
• National Human Rights Commission.
• SEBI

National Commission for Minorities

Under the National Commission for Minorities Act of 1992, the Union Government established the National Commission for Minorities. Muslims, Christians, Sikhs, Buddhists, Zoroastrians, and Jains are six religious communities that have been designated as minority communities by the Union Government in India’s Gazette.

The National Commission for Minorities was established by the Union Government in New Delhi, while State Governments established State Minorities Commissions in their respective State Capitals. The Constitution of India and laws adopted by the Parliament and State Legislatures provide for the establishment of these organisations to defend and protect the interests of minorities.

Armed Forces Tribunal

The Armed Forces Tribunal Act 2007, passed by parliament, established the AFT with authority to adjudicate or try disputes and complaints relating to commissions, appointments, enrolments, and conditions of service in respect of persons subject to the Army Act, 1950, the Navy Act, 1957, and the Air Force Act, 1950 by the Armed Forces Tribunal.

AFT has Regional Benches in Chandigarh, Lucknow, Kolkata, Guwahati, Chennai, Kochi, Mumbai, Jabalpur, Srinagar, and Jaipur, in addition to the Principal Bench in New Delhi.

National Consumer Disputes Redressal Commission

India’s National Consumer Disputes Redressal Commission (NCDRC) was founded in 1988 under the Consumer Protection Act of 1986 as a quasi-judicial authority. New Delhi is where the organisation’s headquarters are located. A judge leads the commission from the Supreme Court of India who is either serving or resigned.

According to Section 21 of the Consumer Protection Act of 1986, the National Consumer Commission has authority over complaints worth more than one crore and Appellate and Revisional jurisdiction over orders of State Commissions or District Foras the case may be.

National Law Commission

The National Law Commission of India was a defunct executive body created by a proclamation of the Indian government. The commission, made up of legal specialists and led by a retired judge, is charged with researching and advising the Indian government on legal reform.

The commission is appointed for a set time and serves as a consultative body to the Ministry of Law and Justice. The commission’s last chairman retired in August 2018, and it has not been recreated since then.

The first Law Commission presided over by Lord Macaulay was founded during colonial control in India by the East India Company under the Charter Act of 1833. Three further Commissions were constituted in pre-independence India after that.

In 1955, India’s first independent Law Commission was constituted. Twenty-one more Commissions have been constituted since then. Justice B.S. A former Supreme Court judge, Chauhan served as the law commission’s last chairman, and his term ended on August 31, 2018.

National Human Rights Commission

On October 12, 1993, India’s National Human Rights Commission (NHRC) was founded. The Protection of Human Rights Act (PHRA), 1993, as amended by the Protection of Human Rights (Amendment) Act, 2006, is the act under which it is constituted.

It complies with the Paris Principles, which were agreed in Paris in October 1991 at the first international workshop on national institutions for the promotion and protection of human rights, and endorsed by the United Nations General Assembly in Regulations 48/134 of December 20, 1993.

The National Human Rights Commission (NHRC) embodies India’s concern for promoting and preserving human rights. Human Rights are defined in Section 2(1)(d) of the PHRA as “individual rights to life, liberty, equality, and dignity guaranteed by the Constitution or contained in international covenants and enforceable by Indian courts.”

SEBI (Securities Exchange Board of India)

India’s Securities and Exchange Board was established as a non-statutory organisation by a Government of India resolution on April 12, 1988. The Securities and Exchange Board of India was founded in 1992 as a statutory organisation, and the Securities and Exchange Board of India Act, 1992 (15 of 1992) went into effect on January 30, 1992.

The primary functions of the Securities and Exchange Board of India are described in the Preamble. It is to “ protect the interests of investors in securities, to encourage the development of the security market, and for issues connected with it.” 

Conclusion

As defined by the law, statutory bodies are organisations with the authority to supervise a business’s actions and determine if these institutions are legitimate and follow official laws. For various reasons, including openness, accountability, efficacy, and bipartisanship, state representatives have authority.

These bodies are given authority by parliament to protect the rights of any individual, caste, or tribe. The statutory body in India is a government body that can make decisions. Statutory bodies vary from country to country but can be found in almost all of them. Statutory bodies come with a set of advantages and disadvantages, so it’s important to be aware of what they entail and how they might affect you.